Existing law, the Money Transmission Act, provides for the regulation of money transmissions and, unless an exemption applies, requires the licensure by the Commissioner of Business Oversight of persons, including corporations and limited liability companies, to engage in this activity. Existing law declares the need to regulate money transmission businesses in the state, to maintain public confidence in financial institutions doing business in this state, and to preserve the health, safety, and general welfare of the people of California. Under existing law, a licensee under the act is required to file various reports with the commissioner with specified information, including the total volume of activities, number of transactions conducted, and outstanding money transmissions in California and the United States in a given calendar year quarter, as specified. Existing law makes it a felony to intentionally make a false statement, misrepresentation, or false certification in a record filed or required to be maintained under the act, or to knowingly engage in an activity for which a license is required without being licensed or exempt from licensure.
California AB 2209 (20132014) — Money Transmission Act.
Existing law, the Money Transmission Act, provides for the regulation of money transmissions and, unless an exemption applies, requires the licensure by the Commissioner of Business Oversight of persons, including corporations and limited liability companies, to engage in this activity. Existing law declares the need to regulate money transmission businesses in the state, to maintain public confidence in financial institutions doing business in this state, and to preserve the health, safety, and general welfare of the people of California. Under existing law, a licensee under the act is required to file various reports with the commissioner with specified information, including the total volume of activities, number of transactions conducted, and outstanding money transmissions in California and the United States in a given calendar year quarter, as specified. Existing law makes it a felony to intentionally make a false statement, misrepresentation, or false certification in a record filed or required to be maintained under the act, or to knowingly engage in an activity for which a license is required without being licensed or exempt from licensure.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 2209 DICKINSON Consent Calendar Second Day — 73–0 (pass) · lower
Do pass, to Consent Calendar. — 17–0 (pass) · lower
Do pass as amended and be re-referred to the Committee on Appropriations. — 11–0 (pass) · lower
Sponsors
Dickinson — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2014-02-20 Read first time. To print. reading-1
2014-02-21 From printer. May be heard in committee March 23.
2014-03-06 Referred to Com. on B. & F. referral-committee
2014-05-01 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (April 28). committee-passage-favorable, committee-passage, amendment-passage
2014-05-05 Read second time and amended. reading-2, reading-1, amendment-passage
2014-05-06 Re-referred to Com. on APPR. referral-committee
2014-05-14 From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 14). committee-passage-favorable, committee-passage
2014-05-15 Read second time. Ordered to consent calendar. reading-2, reading-1
2014-05-23 Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0. Page 5112.) reading-3, reading-1, passage
2014-05-23 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2014-06-05 Referred to Com. on B. & F.I. referral-committee
2014-06-09 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee
2014-06-24 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 18). committee-passage-favorable, committee-passage, amendment-passage
2014-06-25 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-2, reading-1, referral-committee
2014-08-04 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee
2014-08-04 From committee: Be placed on second reading file pursuant to Senate Rule 28.8. committee-passage
2014-08-05 Read second time. Ordered to third reading. reading-2, reading-1
2014-08-13 Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 4458.). reading-3, reading-1, passage
2014-08-13 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 15 pursuant to Assembly Rule 77.
2014-08-18 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6103.). committee-passage-favorable, amendment-passage
2014-08-29 Enrolled and presented to the Governor at 2 p.m.
2014-09-20 Approved by the Governor. executive-signature
2014-09-20 Chaptered by Secretary of State - Chapter 499, Statutes of 2014.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/fed1f14e-8ba1-4e5b-8834-73e57e290e2d. Confidence: reported (aggregated from official California legislature records).
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